Homework Answers
| A-cash flow statement | ||||
| net income | 105000 | |||
| depreciation expense | 27000 | |||
| changes in working capital | ||||
| increase in A/R | -16000 | |||
| decrease in inventory | 9000 | |||
| decrease in A/P | -13000 | |||
| net cash flow from operating activities | 112000 | |||
| cash flow from investing activities | ||||
| purchase of equipment | -70000 | |||
| sake of land | 39000 | |||
| net cash flow from investing activities | -31000 | |||
| cash flow from financing activities | ||||
| cash dividend | -40000 | |||
| net cash flow from financing activities | -40000 | |||
| net cash flow during the year | 41000 | |||
| beginning cash balance | 22000 | |||
| year end cash balance | 63000 | |||
| B-current cash debt coverage ratio | cash from operating ratio/average current liabilities | 112000/40500 | 2.765432 | |
| average current liabilities | (34000+47000)/2 | 40500 | ||
| cash debt coverage ratio | cash from operating ratio/average total liabilities | 112000/215500 | 0.519722 | |
| average total liabilities | (184000+247000)/2 | 215500 | ||
| free cash flow | cash from operating activities-capital expenditure | 112000-31000 | 81000 | |
| company is having sound liquidity and financial flexibility.company has generated sufficient cash from operation to meet out all its current liabilities while cash to debt coverage is .5197 which is sufficient to cover a portion of total liabilities. Company is financially flexible to raise funds through debt or issuing the shares. |
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